Český finanční a účetní časopis 2012(4):120-131 | DOI: 10.18267/j.cfuc.11

Findings from Literature Review with Focus on the Law Influence on Bankruptcy Initiation

Tatiana Škerlíková
Ing. Tatiana Škerlíková - asistentka; Katedra financí a oceňování podniku, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <xsket01@vse.cz>.

This paper gives an overview of current economic models and research dealing with insolvency law. The first part categorizes papers and research which is discussed further. In the next section one mathematical model is included. Third section consists of empirical research. Other two parts in third section describe empirical research about ex-ante and ex-post results under different jurisdictions Last section of the third part describes current research on question when exactly companies should go default. In summary, the paper provides an overview of current papers dealing with the default triggers and behaviours of participants and their preferences determining default proceedings under different jurisdictions.

Keywords: Default; Timing; Default triggers; Legal indexes; Debtor friendly; Creditor friendly.
JEL classification: G33

Published: December 1, 2012  Show citation

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Škerlíková, T. (2012). Findings from Literature Review with Focus on the Law Influence on Bankruptcy Initiation. Czech Financial and Accounting Journal, 2012(4), 120-131. doi: 10.18267/j.cfuc.11
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